"I'm planning to leave the company."
When Chen Yiyang met with Zheng Lu this time, Zheng Lu didn't mention borrowing money. Instead, he told Chen Yiyang he was planning to leave Kuxing.
"Why did you suddenly make this decision?" Chen Yiyang asked curiously.
Zheng Lu remained silent for a long time before slowly saying, "I'm being pressured by the bank for debt. Previously, I had pledged the stocks I held for a loan of five or six billion from the bank.
Now, because the stocks have been shorted, the bank is demanding early repayment. I plan to sell all my shares."
Chen Yiyang understood that Zheng Lu had completely given up on the idea of borrowing money to first repay the bank loan and then stabilizing the company's stock price.
Indeed, that's the case.
The most valuable asset Zheng Lu currently held was his shares in Kuxing Coffee. If he wanted to borrow money from others, he had to use these shares as collateral.
However, he now couldn't use these shares to pledge to others again. It's a dead end.
"How much do you plan to sell your shares for?" Chen Yiyang asked.
"It's a 30% stake in total. I won't keep a single share. I'm asking for seven billion RMB for all of them," Zheng Lu said.
"That's too expensive," Chen Yiyang stated bluntly. "Luckin's market value has already dropped to 262 million US dollars, which only translates to about 1.9 billion RMB.
"But my shares have 50% voting rights," Zheng Lu replied. "Based on market value, these shares might only be worth five or six billion RMB, but with voting rights, it's different."
"But isn't Luckin still being sued in the United States, needing to pay over a billion dollars in compensation to investors there? That risk also needs to be accounted for."
"Then how much do you plan to offer?" Zheng Lu asked.
"Five billion RMB. I'll pay in three installments and settle it within a year," Chen Yiyang proposed.
His biggest advantage now was having a lot of cash at hand.
For transactions involving such large amounts, buyers usually prefer to use various assets for payment.
So, there's a lot of fluff in the transaction.
Some assets may seem high-quality on the surface but have lots of issues inside. Taking them on might even require further capital injection.
Cash, therefore, carries substantial weight.
Zheng Lu hesitated for a moment and then spoke again, "Besides the five or six billion, you also have to sign an investment agreement with me.
I'm planning to build my own coffee brand after leaving Kuxing. I still have my connections and channels, so starting again will be very convenient.
You need to sign an investment contract, ensuring that after I start my new venture, you'll invest at least three billion RMB. However, this money can be invested after a year."
"That's doable," Chen Yiyang agreed without hesitation.
Because the idea was to take advantage of Zheng Lu's situation.
It was just that Chen Yiyang realized midway that Kuxing Coffee's valuation was seriously underestimated, which is why he decided to buy all of Zheng Lu's shares outright.
Now that Zheng Lu is willing to start anew, that's all the better.
However, Zheng Lu's decision to start over didn't surprise Chen Yiyang. Because after buying Kuxing shares for five billion RMB from Zheng Lu, Zheng Lu would probably have little left after repaying the bank debt.
He's still young and has the opportunity to start over and try again.
After reaching an agreement, they called in a professional team to start handling the share transaction.
The next morning, Chen Yiyang glanced at the day's intelligence.
Another piece of information about a Siheyuan opportunity.
It's a pity that buying this courtyard would cost three billion RMB, and Chen Yiyang didn't have that much extra cash at the moment.
Moreover, even if you buy a property at a bargain, it still takes a long time to resell it.
Chen Yiyang's current funds are being used for investments that expand assets quickly. He'd only consider real estate investments later when he can't find good investment bargains.
After closing the deal with Zheng Lu, the reason Chen Yiyang didn't leave the Imperial Capital right away.
Was because he had to take over Le Shi Video today.
He and Yue Ting had finally completed all the procedures for Le Shi Video's acquisition.
Le Shi Video officially became part of Chen Yiyang's holdings.
"Hello, boss." Ling Yue, the current head of Le Shi Video, stood at the door to personally welcome Chen Yiyang.
After Yue Ting left the country, Le Shi Video actually did quite well.
In fact, both Le Shi Video and its parent site, Le Shi Network, were thriving.
With more than 400 employees in total, the revenue from renting out their hot drama series licenses, selling daily goods, and electronic products was enough.
They managed to live without overwork, with standard insurance benefits and regular working hours.
If Yue Ting was willing to sell, Chen Yiyang would be interested in acquiring the entire Le Shi Network.
But although Yue Ting fully owns Le Shi Video, he's only the largest shareholder of Le Shi Network, holding 22% of the shares, so he can't decide on selling the company.
Le Shi Video currently has over 100 employees, with monthly salary expenses amounting to only a few million.
Le Shi Network can easily make 20 to 30 million RMB a month from leasing out hot drama series licenses.
So, it can cover all the costs.
What attracted Chen Yiyang was mainly the large amount of content rights held by Le Shi Video.
If these rights are just used for profit, it brings in a modest monthly profit.
But if used for interest exchanges with other video sites, the benefits could be significant.
Chen Yiyang was keen on entering the entertainment industry, so for him, keeping Le Shi Video as it is would be beneficial.
After entering the office, Chen Yiyang had a casual chat with Ling Yue.
"The company is still working hard on development," Ling Yue cautiously reported to Chen Yiyang.
Because she really wasn't sure about the background of this new boss.
She and the other employees in the company had been comfortably coasting by.
Suddenly, there was shocking news that the company had been sold to someone else.
So, Ling Yue hurriedly tried to find out more about Chen Yiyang's background.
All she could find were the online activities of Chen Yiyang.
Like hosting live-stream sales, being Li Qiqi's boss, buying an esports club, and challenging Tengxu.
Ling Yue could only assume, as the online rumors suggested, that Chen Yiyang was a mysterious and young second- or even third-generation rich individual.
Facing such a boss, Ling Yue feared he might implement drastic changes.
The reason Le Shi was thriving now was because it was lying low.
A company that lays low won't have extra investments.
Without extra investments, the cost pressure is low.
With low cost pressure, everyone could cruise by happily.
But if a rich second-generation investor comes in and makes reckless investments, Le Shi might end up saddled with massive debts.
At that point, not only would they not be lying low, but even working tirelessly might still lead to fears of unemployment.
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